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Jun 30, 2023
CompoSecure Q2 2023 Earnings Report
CompoSecure's Q2 2023 financial results were reported, revealing performance in line with expectations and a long-term contract renewal.
Key Takeaways
CompoSecure reported its Q2 2023 financial results, which were in line with expectations. The company also announced a five-year contract extension with one of its largest customers.
Second quarter results were in-line with expectations despite continued macroeconomic uncertainties.
General sentiment from customers around the premium payment card market remained positive.
A five-year contract extension through December 2028 was signed with one of the largest customers.
The company is reaffirming its guidance for full year 2023 results.
CompoSecure
CompoSecure
Forward Guidance
The Company is reaffirming its guidance for full year 2023 results, with net sales expected to be in the range of $400-$425 million and adjusted EBITDA in the range of $145-$155 million.